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Small Business Cities for Minority Entrepreneurs in America - 2015
1. About the Biz2Credit Best Small Business Cities in America Study
Biz2Credit analyzed 12,000 businesses with less than 250 employees and less than $10 million in annual revenues from across the country that have been in
operation for more than 1 year.
About Biz2Credit
Founded in 2007, Biz2Credit has arranged more than $1.2 billion in small business financing and is widely recognized as the #1 online credit resource for startup
loans, lines of credit, equipment loans, working capital and other funding options in the U.S. Using the latest technology, Biz2Credit matches borrowers to
financial institutions based on each company's unique profile -- completed in less than four minutes - in a safe, efficient, price-transparent environment.
Visit http://www.biz2credit.com, follow on Twitter @Biz2Credit, and join on Facebook at http://www.facebook.com/biz2credit.
1. Riverside-San Bernardino, CA
2. New York Metro
3. Houston, TX
4. Detroit, MI
5. Charlotte, NC
6. Chicago, IL
7. Denver, CO
8. Las Vegas, NV
9. San Francisco-Oakland, CA
10. Miami, FL
11. Seattle, WA
12. Los Angeles, CA
13. Atlanta, GA
14. Philadelphia, PA
15. Dallas, TX
16. Orlando, FL
17. San Diego, CA
18. Tampa-St. Petersburg, FL
19. Phoenix, AZ
20. Sacramento, CA
21. San Antonio, TX
22. Fresno, CA
23. San Jose, CA
24. Washington D.C.
25. Virginia Beach, VA
The state of California incredibly had seven cities that ranked in the Top 25, including the top
city. While Texas and Florida each had three areas represented in the Top 25.
The Top 10 metro areas by Annual Revenue featured two of best cities in the Top 3 overall for
minority entrepreneurs including Riverside-San Bernardino (No. 1) and the New York Metro
area (No. 3) at the top of the list.
"Last year, Philadelphia emerged as a Top 5 city for highest revenue thanks to its strong showing in the retail trade industry."
- Biz2Credit CEO, Rohit Arora
Riverside-San
Bernardino,
CA
Las Vegas,
NV
New York
Metro
Charlotte,
NC
Philadelphia,
PA
Orlando,
FL
San Francisco
-Oakland,
CA
Detroit,
MI
Tampa-St.
Petersburg,
FL
1 2 3 4 5 6 7 8 9 10
Houston,
TX
When sorted by Age of Business (in months), Denver was the leader, indicating that it is a
hotbed of business development. San Antonio and Sacramento were second and third
respectively.
"The emergence of the legal marijuana industry in Colorado has spurred to economic growth in the Mile High City, There is a lot
growth in the back office technology segment in Denver, as well." - Biz2Credit CEO, Rohit Arora
Las Vegas,
NV
San Antonio,
TX
Sacramento,
CA
Atlanta,
GA
Seattle,
WA
Denver,
CO
Orlando,
FL
Chicago,
IL
Philadelphia,
PA
1 2 3 4 5 6 7 8 9 10
Detroit,
MI
When sorted by Credit Score, the New York Metro area was the leader, with Houston and
Detroit placing just behind them.
"Credit scores and the overall health of small businesses around Detroit are surprisingly strong. The auto makers' comeback has
sustained, helped, in part, by low gas prices. Manufacturing has become so high tech, and IT companies related to the renewed
strength of the auto industry has translated into success for the area. IT companies are growing, as are staffing companies.”
- Biz2Credit CEO, Rohit Arora
New York
Metro
Houston,
TX
Detroit,
MI
Denver,
CO
Las Vegas,
NV
Los Angeles,
CA
Chicago,
IL
Riverside-San
Bernardino,
CA
Charlotte,
NC
1 2 3 4 5 6 7 8 9 10
Seattle,
WA
Denver was the
leader When
sorted by Age of
Business (in months)
"The emergence of the legal marijuana
industry in Colorado has spurred to
economic growth in the Mile High City,
There is a lot growth in the back office
technology segment in Denver, as well."
- Biz2Credit CEO, Rohit Arora
May 2015
Biz2Credit's 2015 Ranking of The Best Small Business
Cities for Minority Entrepreneurs in America
Analysis Examined Markets with the Highest Annual Revenue, Credit Scores and Other Factors
Biz2Credit, the leading online platform for small business finance, has identified the Riverside-San
Bernardino, CA, as the ‘Best Small Business City for Minority Entrepreneurs in America,’ based on
a weighted average that includes annual revenue, credit score, age of business (in months), and a
proprietary BizAnalyzer score that takes into account cash flow, debt-to-income ratio, and
business owners’ personal credit scores.
The positioning of Riverside-San Bernardino makes it a prime location for immigrants of
Central America, Overall, the Riverside area is a hotbed for business activity at the
moment. Its support networks including incubators and a high profile 'Shop Riverside'.
- Biz2Credit CEO, Rohit Arora
Average Annual Revenue: $1,400,960.21
Average Credit Score: 628
Average Age of Business (Months): 34
Average BizAnalyzer Score: 56
Riverside-San Bernardino Scores Best in
Biz2Credit's 2015 Ranking of The Best
Small Business Cities for Minority
Entrepreneurs in America